Further fiscal stimulus warranted in India: IMF

Washington, September 10

The IMF on Thursday mentioned that there’s a want for an additional stimulus, particularly expenditures on well being, meals and earnings help for weak households, and help for companies in view of the Covid pandemic.

Gerry Rice, Director of Communications Department on the IMF, mentioned it helps the Indian authorities’s responses to the pandemic together with fiscal stimulus with a give attention to low earnings employees and households.

“We help the financial easing and liquidity and regulatory measures for the monetary sector and debtors which have taken place.

“We believe further fiscal stimulus is warranted, especially expenditures on health, food and income support for vulnerable households, and support for businesses,” Rice mentioned. — PTI

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